LIFE INSURANCE
LIFE INSURANCE
Why do I need life insurance?
In the event of death, families can be crippled with the financial burden that comes with losing one of their households’ incomes. Families can struggle to pay for a funeral, mortgage, personal debt and living expenses. This means that after death, your family’s lifestyle can be drastically affected.
Secure your world, your way.
Explore tailored life coverage that suits your life.
FAQs
-
Yes, some policies allow you to adjust your coverage. For example, with certain permanent life insurance policies, you may be able to increase or decrease the death benefit, or adjust the premium payments.
-
Premiums are the payments you make to the insurance company to maintain your life insurance coverage. They can be paid weekly, fortnightly, monthly, quarterly, six-monthly, or annually, depending on the policy. Failure to pay premiums may result in the lapse of the policy.
-
The amount of life insurance you need depends on factors such as your financial obligations, income, debts, and future expenses.
-
There are two main types of life insurance: term life insurance, which provides coverage for a specified term, and stepped life insurance, which covers the insured for their entire life.